Siemens, a German engineering company that focuses on industrial electrification, automation and digitalization, will separate its $18 billion healthcare unit from the rest of the company on Nov. 5th.
Siemens' healthcare unit produces equipment for medical imaging, in-vitro diagnostics, hearing aids, and clinical IT systems. The division accounted for 18% of Siemens' 2013 sales, and had the highest core profit margin (difference between income and expenses) of 20%, out of Siemens' four divisions.
Siemens’ supervisory board will decide if its healthcare country units can handle licensing for their products independently of Siemens AG. If this is the case, then there will be legal separation of the healthcare division from the remainder of the company.
Summary by MedicalGroups.com
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